Managerial Economics

May 5th, 2015
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There are quite a few differences between Economics and Managerial Economics. Managerial Economics is micro in character while Economics is both micro and macro in character. Economics is both positive and normative science but the Managerial Economics is essentially normative in nature.

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Managerial EconomicsManagerial EconomicsIntroductionEconomic principles inform good business decision making. Although economics is sometimes dismissed as a discourse of practical relevance to only a relatively small circle of academicians and policy analysts who call themselves economists, s

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